NO.157 The graph below reflects which of the following situations in the market for apples?

NO.158 Mobile telephone providers often require customers to enter two-year contracts, with the stipulation that these customers pay a termination fee if they would like to end their contracts early. A new mobile telephone provider offers to pay customers’ early termination fees if they are currently in a contract but would like to change providers. If the goal of the company is to gain as many new customers as possible, it might be offering this promotion in order to:

NO.159 In a small town, there are two Mexican restaurants. Restaurant A serves traditional dishes from Western Mexico while Restaurant B primarily serves Northern Mexican cuisine. Many more residents of the town are willing to buy the Northern cuisine than the Western cuisine. Which of the following reasons could NOT explain why Restaurant A continues to offer a different menu than that of its competitor?

NO.160 An online music streaming company has two subscription options:
1.Listen to unlimited music with five minutes of advertisements for every hour of music.
2.Pay a monthly fee and listen to unlimited music with no ads.
If a potential customer wants to subscribe to the company but is indifferent between options 1 and 2, the customer’s willingness to pay (WTP) is:

NO.161 Company B recorded a transaction with a debit of $10,000 to deferred revenue and a credit of $10,000 to revenue. Which of the following situations BEST describes the transaction that would lead to this journal entry?

NO.162 An individual has recently inherited an antique car and decides to sell it via an auction. When the seller brings the car to an auctioning service, the auctioneer asks if it should be sold via an English (open outcry) auction, a Vickrey (sealed second-price) auction, or a sealed first-price auction. Which type of auction will result in the highest sale price?

NO.163 A company reported income before taxes of $800,000 for Year 2. The company did not have temporary taxable differences at the end of Year 1 but reported a net deferred tax asset of $6,000 for Year 2. The effective income tax rate is 30 percent. What amount should the company pay as income tax for Year 2?

NO.164 A company wants to sell an extremely rare antique. The company does not know how highly consumers value the antique, but it knows that any single consumer’s value will rise if the consumer believes other people have a high value for the antique. How should the company sell the item to maximize its price?

NO.165 A pharmaceutical company was recently awarded a 20 year patent for a new medicine it has developed. Which of the following results could be a consequence of this patent? (Select all that apply.)

NO.166 An athletic shoe company is trying to establish a stronger brand identity with consumers. Its objective is to first understand, broadly, how consumers value its brand compared to its
competitors and then determine how much consumers value specific features of its competitors’ products. Which of the following approaches would be MOST effective in gathering this information?

NO.167 The management of Company A, a consumer products company, is forecasting revenue as part of their internal budget exercise. Which of the following factors is of the LEAST value in arriving at the forecast revenue amount?

NO.168 Using the histogram below, how many companies have market capitalizations of more than $248 billion and up to and including $260 billion?

}

NO.169 A doctor wants to predict the probability that a woman develops breast cancer based on her age, race, and diet. Which of the following statistical tools is the MOST suitable for this study?

NO.170 In which of the following scenarios would both the price and quantity sold of paperback books decrease?

NO.171 A study is conducted to determine what factors drive used car prices. The study initially examined two variables: the make of the car and the number of miles driven on the car. Not surprisingly, the group commissioning the study found that there was a strong relationship between these two variables and price. In an attempt to explain more of the variation in price the researcher added a thirdvariable:the car’s age (in years).A prior study had shown that age was a significant factor in explaining used car selling prices. When added to the new model, however, the group found that although adding age explained more of the variation in price, age was no longer significant when combined with the car’s make and miles. This problem is an example of:

NO.172 The government decides to set a price ceiling on corn. The price ceiling is set 10% above the equilibrium price. What would be the result of this government action?

NO.173 Which of the following scatterplots shows the strongest positive linear relationship? A)

B)

C)

D)

NO.174 A local tourism board wants the city government to set a maximum price that taxis can charge, in order to make the city more attractive to tourists. What might be a result of this price cap?

NO.175 Which of the following financial statements is MOST useful in determining the capital expenditures of a company during the past year?

NO.176 A college bookstore sells textbooks at a 15 percent discount to professors while successfully selling the same books at full price to students. What conditions are present so that the bookstore can charge different prices? (Select all that apply.)